August 29, 2024 07:00 AM Eastern Daylight Time

DALLAS–(BUSINESS WIRE)–VRGL, a Client Acquisition and Investment Proposal Management solution, today announced the completion of a strategic fundraising round. The round was led by existing investors FINTOP Capital and MissionOG, with significant support from Northwestern Mutual, Flyover Capital, Fin Capital, and other key industry insiders and friends of the firm.

“We are thrilled to have completed our latest round of financing. VRGL has quickly established itself as a leading player in the wealth management software space,” said Josh Smith, CEO and co-founder of VRGL.Post this

With this financing, VRGL will continue to execute on its industry-leading Client Acquisition and Investment Proposal Management solution, expand product offerings, and support market growth. This additional funding will enable the company to effectively serve the evolving needs of its clients in the wealth management industry.

Founded in 2021 by pioneers of the institutional wealth management software industry, VRGL has quickly established itself as a leading tool for streamlining the investment proposal process. Since August 2022, VRGL has grown its customer base over 700%, processing hundreds of thousands of investment statements for a diverse range of clients. From small Registered Investment Advisors (RIAs) to top wealth management firms such as Dynasty Financial Partners, Ritholtz Wealth Management, Sequoia Financial Group, and Steward Partners, VRGL’s platform has helped accelerate time to new revenue by 50%, increase prospect-to-client conversions by 30%, and reduce the time to portfolio analysis by 75%.

“We are thrilled to have completed our latest round of financing. VRGL has quickly established itself as a leading player in the wealth management software space,” said Josh Smith, CEO and co-founder of VRGL. “This round will allow us to accelerate our go-to-market and to continue enhancing our investment proposal platform and operational efficiency. Our client lead roadmap is increasingly differentiating us from others in the market and I am excited to see what the next few years hold.”

“VRGL has introduced truly innovative capabilities for critical advisor-related client acquisition needs,” said Andy Newcomb, Managing Partner at MissionOG. “We continue to be impressed with the magnitude of the before and after results as advisors utilize the VRGL platform.”

“FINTOP Capital is proud to further support Josh and the team at VRGL” said Rick Kushel, Managing Partner at FINTOP. “The VRGL client acquisition platform has evolved to industry-leading, must-have technology for advisors looking to grow their book of business. This funding round will support scale, and we are excited to be a part of it.”

To learn more about VRGL and upcoming opportunities to meet the team, visit our website for event details or to schedule a demo.

About VRGL

Founded by pioneers of the institutional wealth management software industry, VRGL provides a suite of tools designed to empower wealth management firms to streamline the investment proposal and client acquisition process. Capabilities include risk tolerance, statement aggregation (including PDF statement extraction of all data), institutional-grade analytics, and proposal management capabilities.

By giving clients a holistic view of their consolidated investment portfolio and illustrating a potential transition, VRGL enables advisors to quickly demonstrate their value proposition while ensuring compliance with risk tolerance and investment policies. Through the seamless aggregation of all client investment data, a no-touch analytics package, and automated proposal generation, advisors can contextualize their investment offerings and advice, fostering a more personalized and impactful client experience. This allows advisors to accelerate client acquisitions and enhance the retention of existing AUM. Learn more at www.vrglwealth.com.

Contacts

Media contact for VRGL:
Jesse Gurevich
jgurevich@vrglwealth.com

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